- Are the number of wallets with non-zero balances going up?
- Is the hashrate increasing?
- Is institutional / organization adaptation accelerating?
“Zoom out” is what people who’ve been in this for awhile will tell you, but even a linear chart can still look pretty scary right about now (I’ve heard linear scale be referred to as “panic charts”).
It’s useful to look at the overall trend in logarithmic scale, which smoothes out the spikes. I just care about one thing: what is the overall trajectory and is the trendline intact?
When you look at Bitcoin, we see an unrelenting ascension as more capital moved into Bitcoin since the beginning: